Greece vs Uruguay
Crypto regulation comparison
Greece
Uruguay
Legal
Legal
Cryptocurrency is legal in Greece and regulated under the EU framework. A 2024 tax reform established a 15% tax on crypto capital gains, replacing the prior uncertain treatment. The Hellenic Capital Market Commission oversees crypto service provider registration.
Uruguay has a generally favorable stance toward cryptocurrency. The BCU has not banned crypto and in 2024 introduced regulations for virtual asset service providers. Crypto income may be taxed at 12% under the IRPF (personal income tax) as capital income. Uruguay has a stable economy and is positioning itself as a fintech hub in Latin America.
Tax Type
Capital gains
Tax Type
Income
Tax Rate
15%
Tax Rate
12%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
HCMC (Hellenic Capital Market Commission), Bank of Greece
Regulator
BCU (Banco Central del Uruguay)
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
No specific stablecoin regulation
Key Points
- 15% capital gains tax on crypto established under recent tax reforms
- HCMC registers and supervises crypto service providers
- Greece adopted EU AML directives for crypto businesses
- MiCA framework applicable from December 2024
- Crypto adoption grew during the 2015 financial crisis and capital controls
Key Points
- BCU introduced VASP regulations in 2024
- Crypto income taxed at 12% as capital income under IRPF
- Crypto not classified as legal tender; peso remains the national currency
- Uruguay has a relatively stable economy and favorable fintech environment
- AML/KYC requirements apply to registered VASPs